Life Insurance for Involuntary Unemployment of Credit to the Consumer
The Policy offers a benefit that guarantees the monthly payment of the debtor’s loan in case of losing their employment involuntary means.
Product summary
Group plan
Available plan: Groups Will pay the monthly payment of the loan because of individual dismissal or for massive employment, general strike, termination of the job by the company or employment dispute, or company is closing temporarily or permanently.
Benefits
The original term of the loan/ Benefits paid
- 1-12 months/ 4 payments
- 13-25 months/ 6 payments
- 26-36 months/ 8 payments
- 37-48months/ 12 payments
Contract dispositions
- Must work 30 hours per week for 12 consecutive months before the effective date.
- Actively worked as a paid employee at the same company for the first 90 days of employment.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
Do shared requirements to be eligible under Funeral coverage exists?
Yes, the shared requirements do exist to be eligible. The share requirements to become a member vary for each co-op. Because the requirement for shares depends on the establishment of each cooperative.
What should I do if I want to reinstate my life policy?
You just have to fill out the Reinstatement Application and send it in original format, with the payment of all premiums owed by regular mail to: Puerto Rico Life Insurance Cooperative, COSVI Attention Issuance Department PO Box 363428 San Juan, P.R. 00936-3428. You can also deliver it to any of our offices or through your Authorized Insurance Representative.
What are the documents that I must send to claim pain therapy, yoga and psychology services?
You should send an expense receipt showing a breakdown of the benefits paid by the insured. The receipt should contain the address, name, and profession of the person providing the service. In the case of yoga, it should be administered by a certified yoga guru.
How much time do I have to settle a claim for Funeral?
You should settle the claim before 12 months from the date of death.
Under what type of product, a member can apply for one premium not accrued?
One-time premium payment is not applicable. Premiums o Paid in full for one year, and the insured applies for the cancellation of coverage before termination of coverage.
What alternatives do I have to obtain a life insurance in COSVI without a need to go through a medical exam?
We have some examples available that are generation 40/80 and Cosvi Serena.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
Excellent customer service.
Tremendous company. It is by appointment, at the moment, they are very helpful and fast, you do not waste time. Make an appointment by phone and that's it!!! Good service.
Good service, I won't let them.
Very well located and a wide variety of insurance products.
I was treated very kindly and promptly.
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